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Student Loan Refinance Program Rates

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  • Student Loan Refinance Solutions

Variable Rate Solution

The Annual Percentage Rate (APR) is variable1 and is based on the Prime index2 plus a margin3. The rate you receive depends on your credit qualifications and the repayment term you select.

The current offered variable rates are4:

Repayment Term Rates*
5-Year between 3.25% and 7.75% APR
10-Year between 3.75% and 8.25% APR
15-Year between 4.25% and 8.75% APR

Fixed Rate Solution

The Annual Percentage Rate (APR) is fixed5 for the life of the loan. The rate you receive depends on your credit qualifications and the repayment term you select.

The current offered fixed rates are:

Repayment Term Rates*
5-Year between 4.00% and 8.50% APR
10-Year between 4.50% and 9.00% APR
15-Year between 5.00% and 9.50% APR

All loans are subject to approval and restrictions may apply. Digital Federal Credit Union reserves the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

Important: Please remember that federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan you will lose any federal benefits that may apply to you. Please review this important disclosure for more information.

Rates are effective .

* Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

1. Variable interest rate solution: the rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly based on the Index. Any increase in the Index may increase the APR and may increase the amount of your monthly payment.

2. As of July 1st, 2016 , the Prime index (Index), as published in the Wall Street Journal, used is 3.50%. The interest rate will not exceed 18.00% regardless of the Index.

3. Margin will be disclosed upon approval. This Margin is added to the Index to determine the calculated interest rate.

4. Current offered rates are calculated using the Index, Margin, and Floor values in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval will depend upon the student borrower's and co-borrower's (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

5. Fixed interest rate solution: your interest rate is fixed and is based on your credit qualification and the repayment term you select. Your actual rate within the ranges stated will be disclosed upon approval.

APR = Annual Percentage Rate.

Repayment examples:
Examples provided use highest current offered rate in effect for each repayment term and assume a constant interest rate on a $50,000 loan amount. Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

Variable Interest Rate Solution

  • 5 year loan term: with a 6.75% APR, the monthly payment will be $984.17. Finance charges will be $9,050.20.
  • 10 year loan term: with a 7.25% APR, the monthly payment will be $587.01. Finance charges will be $20,441.20.
  • 15 year loan term: with a 7.75% APR, the monthly payment will be $470.64. Finance charges will be $34,715.20.

Fixed Interest Rate Solution

  • 5 year loan term: with a 8.25% APR, the monthly payment will be $1,019.81. Finance charges will be $11,188.60.
  • 10 year loan term: with a 8.75% APR, the monthly payment will be $626.63. Finance charges will be $25,195.60.
  • 15 year loan term: with a 9.25% APR, the monthly payment will be 514.60. Finance charges will be 42,628.00.